Yesterday's trading was bullish until the middle lines of the price channels were touched, which led to the price falling and closing again below the red channel. When we follow the price movement during the previous two weeks, we will find that the...
Technical analysis of the AUDUSD pair 4-hour chart Over the past weeks, the price has moved in a sideways direction as we see on the chart. During the previous week, the price trended upward in a strong upward wave, but in the middle of the week,...
Analyzing the daily chart of the GBP/USD currency pair, we can see that the pair is in an uptrend phase, and the bulls are already attempting to break through the upper boundary of the daily TMA indicator, which will eventually lead to a shift from...
The single European currency is trading close to the 1,07 level at the open of the new week which is little changed trying to limit the previous week’s losses. The dust from last week’s euro election development has not yet settled with the result...
ECB to devise perfect timing of cautious rate cuts Germany’s financial policymakers offered a curious metaphor for the ECB interest rates. They compared the cycle of the ECB monetary easing to descending a mountain. The key issue now is to devise...